Union Bank of India Personal Loan of 10 lakh

Union Bank understands that unexpected financial needs can arise anytime, whether for medical emergencies, wedding expenses, sudden travel plans, or any other unforeseen circumstance. For the same, this financial institution is here to support its customers with a Union Bank personal loan of 10 lakh. This scheme allows one to borrow up to 10 lakhs to meet their urgent financial requirements. Moreover, Union Bank offers extended repayment periods to ensure one can comfortably manage their loan repayment, and competitive interest rates make borrowing affordable.

Personal Loan Options for 10 Lakh in Union Bank

Union Bank offers 3 different options for those looking for a Union Bank Personal Loan of 10 lakh.

• Union Personal (Salaried) 
• Union Personal (Non-Salaried) – For non-salaried individuals who have a regular source of income
• Union Personal (SRLGE) – For government employees

Features of Union Bank 10 Lakh Personal Loan

Below are the key features of the Union Bank 10 lakh Personal loan.

Can I Get a 10 Lakh Personal Loan Instantly From Union Bank?

After submitting the necessary documents and paperwork, Union Bank of India ensures that your Loan is sanctioned within 3 working days. 

What is the EMI for a 10 Lakh Personal Loan?

If you opt for a 10 lakh personal loan with a repayment period of 60 months and an interest rate of 11.75%, the EMI you’ll need to pay can be calculated. The following table depicts the EMI structure for the said scenario.

Eligibility Criteria 10 Lakh Loan in Union Bank

Outlined are the eligibility criteria for individuals seeking to apply for the Union Bank Salaried Employee Personal loan:

• Applicants must be salaried workers within respected private organisations operating in India.
• Applicants should be between 18 and 65 years old.
• Applicants must demonstrate a monthly income within the 15000 to 20000 rupees bracket.
• Applicants are required to be citizens of India.

Documents Required 10 Lakh Union Bank Loan

Below are the documents required to avail of the 10 lakh Union Bank loan

• Identity proof – PAN card, voter’s ID, Passport, Aadhaar etc.
• Address proof – Driving license, Passport, Aadhaar, etc., and office/business address proof. 
• Income proof (Salaried) – last 2 years ITR/Form 16, latest 3 months salary slip and Bank statement of last 12 months.
• Income proof (Non-Salaried) – Profit and loss (P&L) statements, balance sheets, bank statements, business address proof, etc.

How to Apply for a 10 Lakh Personal Loan From Urban Money?

You can apply for the Union Bank personal loan of 10 lakhs with Urban Money by following the steps. 

• Visit Urban Money’s official website.
• Click on the ‘Loan’ section and choose ‘Personal Loan.’
• You’ll be redirected to a new page titled ‘Personal Loan.’
• Scroll down to view a list of top banks in India.
• Locate ‘Union Bank’ and click the ‘Apply Now’ button.
• Fill out the brief online form with your name, mobile number, and city.
• Upon submission, you’ll receive a 6-digit OTP on your mobile number.
• Enter the OTP and click ‘Submit.’
• Expect a call from an Urban Money representative soon after.